Straus Historical Society Inc
- Assets
- $491.4k
- Revenue
- $124.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Smithtown, NY
- Founding
- 05/1999
- Data as of
- 12/2022
- EIN
- 13-4041199
Organization Overview
Straus Historical Society Inc is located in Smithtown, NY. The organization was established in 1999. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Straus Historical Society Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Straus Historical Society Inc generated $124.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (23.5%) each year. All expenses for the organization totaled $100.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER THE PRESERVATION AND INTERPRETATION OF CULTURAL AND HISTORICAL MATTERS PERTAINING TO THE SETTLEMENT OF JEWS IN THE UNITED STATES (AND IN PARTICULAR, THE FAMILY OF LAZARUS AND SARA STRAUS) AND TO EDUCATE A DIVERSE PUBLIC ABOUT THEIR HISTORICAL SIGNIFICANCE TO THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN CARRYING OUT ITS MISSION, THE SOCIETY CONDUCTS RESEARCH AND EXCHANGES INFORMATION WITH INDIVIDUALS AND ORGANIZATIONS HAVING AN INTEREST IN THE SETTLEMENT OF JEWS IN THE UNITED STATES, AND IN PARTICULAR, THE FAMILY OF LAZARUS AND SARA STRAUS. THE FOCUS OF THE SOCIETY'S ACTIVITIES ON THE STRAUS FAMILY IS BASED ON THE FAMILY'S INVOLVEMENT IN GOVERNMENT, COMMERCE, AND PHILANTHROPY. THE SOCIETY DISSEMINATES THE RESULTS OF ITS RESEARCH IN THE FORM OF NEWSLETTERS, REPORTS, EDUCATIONAL SEMINARS AS WELL AS THROUGH PRESENTATIONS AT SCHOOLS AND PUBLIC FORA. IN ADDITION, THE SOCIETY WILL MAKE AVAILABLE TO RESEARCHERS, AUTHORS, AND STUDENTS, MATERIALS THAT WILL ASSIST THEM IN THEIR RESEARCH, NOT ONLY OF THE FAMILY, BUT OF AMERICAN HISTORY DURING THE TIMES THE STRAUS FAMILY HAS BEEN ACTIVE IN AMERICAN LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan Adler Executive Director | Officer | 40 | $36,700 |
David Kurzman Chairman | OfficerTrustee | 1 | $0 |
Richard Gerstman Vice-Chairman | OfficerTrustee | 1 | $0 |
Mark Altschuler Secretary | OfficerTrustee | 1 | $0 |
Lawrence Kahn Treasurer | OfficerTrustee | 1 | $0 |
Al Berr Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $83,699 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,699 |
| Total Program Service Revenue | $1,302 |
| Investment income | $27,718 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,450 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $124,169 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $20,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $36,800 |
| Compensation of current officers, directors, key employees. | $7,360 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,999 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,300 |
| Advertising and promotion | $0 |
| Office expenses | $6,788 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,388 |
| Travel | $727 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $170 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $150 |
| All other expenses | $0 |
| Total functional expenses | $100,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,763 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,993 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $455,657 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $491,413 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $40,595 |
| Total liabilities | $40,595 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $450,818 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $491,413 |